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Infographic: Extending Middle-Class Tax Cuts
 

Infographic: Extending Middle-Class Tax Cuts

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President Obama is calling on Congress to make sure that taxes don’t go up on 98 percent of American families next year, as they are scheduled to do January 1, 2013. Learn more about his plan in ...

President Obama is calling on Congress to make sure that taxes don’t go up on 98 percent of American families next year, as they are scheduled to do January 1, 2013. Learn more about his plan in this new infographic.

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  • This is very disturbing, for several reasons. It is wildly incorrect to say that 'extending middle class tax cuts' would somehow benefit 98% of Americans. Are we supposed to believe that 98% of us earn middle class wages? What fraction of Americans are still in the middle class? Our millions of low wage workers (and they're the more fortunate!) don't earn enough to owe income taxes; what is taken out through the year is refunded when they file their income taxes.
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